Tag Archives: EURGBP

Two euro trades closed last week

I’ve entered long in EURGBP and EURUSD and closed both trades with profit on the 22nd. Both pairs were in an uptrend on the daily chart and had decent pullbacks.
EURGBP: entered long at Bar1 after the breakout from the consolidation that followed the break of the 4h pullback trendline. I decided to close the position at Bar2 with a small gain when the euro was under pressure ahead of the Eurozone meeting about the Greek rescue plan. I was long in EURUSD as well and wanted to reduce my euro long exposure. The price didn’t reach my initial stop but had strong move lower.
EURUSD: had a smilar setup, 4h countertrend was broken and I took a second entry signal for a breakout pullback trade at Bar1. The price hit may target at Bar2.
Both my trading decisions were based on the 4h charts, the entry trigger was a bullish pin for EURGBP and pinbar with and inside bar breakout for the EURUSD.


EUR/GBP: winning trade

I entered long on a pullback against the underlying uptrend in EURGBP. The entry was at Bar1 after a bullish pin indicating the end of a pullback following the breakout from a broader correction from the 0.8976 top. The price reached my profit target with a strong gain today after BoE comments on bond purchases. Closed the long with a 154 pips gain at Bar2.

EUR/GBP: long closed with profit

My EURGBP long position from last week was closed when the market gapped lower after the UK’s 1Q GDP data came out in line with market consensus. Unusual gap for an inline data. Anyway, my trailing stop was hit and I booked the profit.

Euro watchlist

EURUSD: Still in range, the partial retracement this morning indicates another attempt for an upside breakout.
EURGBP: Violated 0.8853 support but bounced back above it, uptrend may resume.
: Testing bullish channel support after a sharp pullback.
EURCHF: Bouncing back from 50% fibo level and 61.8% fibo fan line. The 30/100 EMA pairs signal a possible change in the trend.

Euro gave back early gains

The Euro has given back most of its early gains against the Dollar and the Pound while it holds quite well against the Swiss Franc…

EUR/GBP: abandoned late long

I’ve missed this perfect long setup for a breakout pullback entry. I hesitated while I was considering that the pair has given back most of yesterday’s gain. The price broke out and never looked back. I entered long at Bar1 when the move paused and retested its prior long at 0.8725 which in hindsight was a good entry. Nonetheless I closed the long at Bar2 near break even being uncomfortable with the price level. Big mistake. In fact two mistakes in the same trade.

EUR/GBP: breaking out from bull flag

The EURGBP is breaking the channel line from its bull flag after a fairly volatile session yesterday. The 4h uptrend is still intact. The main driver of this move is the Pounds weakness.